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☆ Wizz, a Tinder-like app aimed at teenagers, removed from Apple App Store and Google Play
▼ + stars: | 2024-01-31 | by ( Ben Goggin | Lora Kolodny | ) www.cnbc.com time to read: +6 min

Wizz was removed from the Apple App Store and Google Play this week. Wizz, a social media app growing popular among teens in the U.S., was removed from the Apple app store and Google Play this week. A Google spokesperson said that the Wizz app was suspended from Google Play, the online store for Android apps, on Tuesday. "But if the app store doesn't continue to carry it, they cannot sustain, let alone grow, their user base." Wizz declined to say what steps it would take to try to get reinstated on the Apple App Store or Google Play.

Persons: Wizz, Goldman Sachs, Adam Sohn, Alex Goldenberg, Goldenberg Organizations: Apple, Google, National Center, Sexual, NBC News, Network, Research, FBI, Meta Locations: U.S, French, Miami, United States, North America, Australia

YOGYAKARTA, Indonesia (AP) — Indonesia’s Mount Merapi erupted Sunday, spreading searing gas clouds and avalanches of lava down its slopes as other active volcanoes flared up across the country, forcing the evacuation of thousands. A column of hot clouds blasted 100 meters (about 109 yards) into the air as ash blanketed several villages without casualties, he added. Merapi is the most active out of more than 120 volcanoes across the country. Also on Sunday, Mount Marapi in West Sumatra province erupted again, its third biggest flare-up this month, albeit without discharging lava. In December 2021, Mount Semeru, the highest volcano on Java island, erupted, leaving 48 people dead and 36 missing.

Persons: Agus Budi Santoso, Mount Lewotobi Laki, Mount Semeru, Niniek Karmini Organizations: Technology Research, Development, Volcanology, Mount, Associated Press Locations: YOGYAKARTA, Indonesia, Merapi, Java, Yogyakarta, East Nusa Tenggara, Marapi, West Sumatra, Semeru, East Java, North Maluku, Jakarta

☆ It's a good time to be in the 'picks and shovels' of AI, says Melius' Ben Reitzes
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a good time to be in the 'picks and shovels' of AI, says Melius' Ben ReitzesBen Reitzes, Melius head of technology research, joins 'Closing Bell Overtime' to talk the markets' record day led by Big Tech and what the AI investing paybook for 2024 looks like.

Persons: Melius, Ben Reitzes Ben Reitzes Organizations: Big Tech

☆ Exclusive: Emirates tells Rolls-Royce: Go back to basics, put products first
▼ + stars: | 2023-11-29 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

Signs for Emirates airlines are stacked to the side at Logan Airport in Boston, Massachusetts, U.S., January 19, 2022. "If you have an engine ... not performing as it should do, your costs are going to rise. Get your product right, design it to what the client wants, give it that high level of reliability. And yes, paradoxically, you can extract more value for your money for your buck in terms of your investment." He brushed aside the idea of renegotiating existing engine contracts to raise hourly pricing, saying "don't go there".

Persons: Brian Snyder, Tufan Erginbilgic, Tim Clark, Clark, I've, Royce, Erginbilgic, we're, Tim Hepher, Sharon Singleton, Mark Potter Organizations: Emirates, Logan Airport, REUTERS, Rights, Dubai's, Royce, Reuters, Airbus, Boeing, Airlines, Raytheon Technologies, Thomson Locations: Boston , Massachusetts, U.S, Dubai's Emirates, British, Dubai

☆ Alibaba's research arm shuts quantum computing lab amid restructuring
▼ + stars: | 2023-11-27 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +1 min

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI, Nov 27 (Reuters) - Chinese tech giant Alibaba (9988.HK) has cut a quantum computing laboratory and team from its research arm, donating both the lab and related experimental equipment to Zhejiang University, the company said on Monday. A spokesperson for Alibaba's DAMO Academy, Alibaba's in-house research initiative which included the lab, said the academy would continue to focus on technology research with the aim of being a leader in artificial intelligence (AI) research. The source said Zhejiang University would try and recruit the affected employees to work on its own quantum research. DAMO Academy was launched in 2017 by Alibaba Group to research advanced technologies such as AI and machine learning.

Persons: Aly, Eddie Wu, Casey Hall, Miral Organizations: Artificial Intelligence, REUTERS, Rights, HK, Zhejiang University, Alibaba's DAMO Academy, Alibaba's, Reuters, DAMO, Alibaba Group, Thomson Locations: Shanghai, China

☆ How Meta could benefit from the OpenAI shakeup
▼ + stars: | 2023-11-22 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

It could help Meta boost its open-source Llama AI initiatives, as some companies look to diversify away from relying on a single company's large language model. Its AI research team is considered, with Alphabet's DeepMind, one of the most esteemed groups in the tech industry. Yann LeCun, Meta's AI chief, responded to the post with a curt "Yup." Meta could benefit if companies continue to seek multiple AI vendors, much like firms now rely on multiple cloud providers. The more developers access and improve Llama, the more Meta can potentially lower its overall operating and technology research costs, among other benefits.

Persons: Mark Zuckerberg, Sam Altman's, There's, Satya Nadella, Altman, Nadella, Zuckerberg, Meta, Alphabet's DeepMind, MSFT, Yann LeCun, curt, Yup, Sam Altman Organizations: Microsoft, Meta, Technologists, Twitter, CNBC

☆ Elon Musk's X restructuring curtails disinformation research, spurs legal fears
▼ + stars: | 2023-11-06 | by ( Sheila Dang | ) www.reuters.com time to read: +9 min

It also shows a majority of survey respondents fear being sued by X over their findings or use of data. European Union regulators are also currently investigating X's handling of disinformation, which was the focus of multiple stalled or canceled independent research studies, the survey found. She helped conduct the research survey for the coalition, a global group with more than 300 members, that works to advance the study of technology's impact on society. 'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. Short-form video app TikTok announced an academic research API earlier this year, but its onerous terms and conditions limit its usefulness for researchers, said Megan A.

Persons: Elon, Musk's, Josephine Lukito, Musk, Carlos Barria, Lukito, Tim Weninger, Megan A, Brown, X, CCDH, Imran Ahmed, Bond Benton, Linda Yaccarino, Sheila Dang, Zeba Siddiqui, Martin Coulter, Supantha Mukherjee, Kenneth Li, Anna Driver Organizations: Social, Reuters, Twitter, Coalition for Independent Technology Research, Center, Union, University of Texas, San, EU, Reuters Graphics, REUTERS, University of Notre Dame, New York University, Tech Policy Press, Facebook, Montclair State University, Sprinklr, Thomson Locations: Israel, Gaza, quantifies, U.S, Australian, Austin, San Francisco, San Francisco , California, China, Sprinklr, London, Stockholm

☆ 2024 is the year of AI revenue, analyst says
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 is the year of AI revenue, analyst saysBrent Thill, technology research analyst at Jefferies, discusses the launch of Microsoft 365 Copilot and the outlook for artificial intelligence revenue.

Persons: Brent Thill Organizations: Jefferies, Microsoft

☆ Revenue is 'everything right now' for Apple, says Melius' Ben Reitzes
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRevenue is 'everything right now' for Apple, says Melius' Ben ReitzesBen Reitzes, Melius Research head of technology research, joins 'Closing Bell Overtime' to talk today's Apple event and what the company needs to show to improve stock performance.

Persons: Melius, Ben Reitzes Ben Reitzes Organizations: Revenue, Apple

☆ ChatGPT creator OpenAI partners with Abu Dhabi's G42 as UAE scales up AI adoption
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

G42, founded by the emirate of Abu Dhabi, said it would utilize OpenAI's generative AI models in areas including financial services, energy, healthcare and public services. Mubadala-backed G42 has been at the forefront of AI adoption in the UAE. Abu Dhabi's Advanced Technology Research Council (ATRC) also made its Falcom 40B large language model (LLM) open source for research and commercial use in May. G42 said it would use Microsoft's (MSFT.O) Azure data centers as part of its AI infrastructure to boost regional adoption. OpenAI CEO Sam Altman had visited Abu Dhabi in June as part of his AI "world tour", where he advocated for AI developments to be regulated by international bodies.

Persons: Dado Ruvic, OpenAI, Abu, Sam Altman, Arsheeya, Pooja Desai Organizations: REUTERS, United Arab, U.S, Cerebras Systems, Abu, Technology Research, Thomson Locations: Abu Dhabi, United Arab Emirates, UAE, Bengaluru

[1/2] A ‘No’ sign sits in front of the Tent Embassy near the Old Australian Parliament House as voters arrive during The Voice referendum, in Canberra, Australia, October 14, 2023. An Australian referendum requires a majority vote in at least four of its six states, as well as nationally. Ultimately, no state supported the "Voice" and the national vote was 40% "Yes" to 60% "No", according to preliminary counting. After the votes were counted, Dutton said his party supported Indigenous reconciliation but he made no mention of an alternative measure. Albanese, asked on Saturday why the vote had failed, said no referendum had succeeded without bipartisan support.

Persons: Tracey Nearmy, Anthony Albanese, Kos Samaras, Matt Qvortrup, Peter Dutton, Dutton, Timothy Graham, Graham, Cate Blanchett, Russell Crowe, Chris Hemsworth, Jason Mamoa, Shaquille O'Neal, Samaras, Donald Trump, Paul Smith, Smith, Albanese, Qvortrup, Byron Kaye, Praveen Menon, Edmund Klamann Organizations: Tent Embassy, Old Australian, House, REUTERS, Rights, Labor, Redbridge Group, Australian National University, Liberal Party, Queensland University of Technology, Qantas, NBA, Labor Party, U.S, European Union, Liberal, Thomson Locations: Tent, Canberra, Australia

☆ The big AI and robotics concept that has attracted both Walmart and Softbank
▼ + stars: | 2023-10-07 | by ( Tim Mullaney | ) www.cnbc.com time to read: +13 min

Softbank also owns 65% of the GreenBox venture, which launched with $100 million in investment by the two companies. They say it's a $500 billion market, and an example of the kind of change AI can bring to the economy at large. But not as many investors know about Softbank's "other" big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic , which Walmart has taken a big stake in itself. Symbotic teamed up with Softbank to build GreenBox in order to preserve its own capital, Cohen told analysts. The GreenBox market for smaller companies shapes up as another $500 billion of possible demand, Gartner's Klappich said.

Persons: Rick Cohen, Softbank, Robert W, Baird, Vikas, Schwarz, Kristin Schwarz, Vikas Parekh, Parekh, Giordano, I've, TD Cowen, Joseph Giordano, GreenBox, Dwight Klappich, Symbotic, Klappich, Mason, Cohen, —, Bill Boyd, Gartner's Klappich, Doug McMillon Organizations: Walmart, CNBC, Gartner, Target, Venture, Arm Holdings, Wholesale, Forbes, Revenue Locations: GreenBox, Wilmington, Mass, Fla

☆ TikTok's Southeast Asia ambitions to take a major hit with Indonesia ban
▼ + stars: | 2023-09-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Aditya Aji | Afp | Getty ImagesTikTok's Southeast Asian ambitions will take a major hit after Indonesia bans shopping transactions on social media apps, analysts told CNBC. Indonesia has banned e-commerce transactions on social media platforms such as TikTok Shop and Facebook . Even if it can secure a separate license to operate, operating as a standalone app may still be challenging. "Even if it can secure a separate license to operate, operating as a standalone app may still be challenging," said Mittal. New social media rulesOn Saturday, Indonesia's President Joko Widodo called for social media regulations, saying such platforms impact micro-, small- and medium-sized companies and the economy.

Persons: Aditya Aji, Jonathan Woo, Sachin, Sachin Mittal, TikTok, Mittal, Joko Widodo Organizations: Facebook, Afp, Getty, CNBC, Phillip Securities Research, Sachin Mittal DBS Bank, U.S, DBS Bank, BMI, Momentum Works Locations: Bogor, West Java, Indonesia, Jakarta, China, Southeast Asia, U.S, Singapore, Montana, India

☆ Mark Zuckerberg and Priscilla Chan announced they're building a computing system to help eliminate human disease by 2100, but costs may be hefty
▼ + stars: | 2023-09-22 | by ( Maiya Focht | ) www.businessinsider.com time to read: +5 min

Priscilla Chan and husband Mark Zuckerberg announced plans to eradicate human disease by 2100. One researcher's excited by the potential, but said it'll likely take lots of time and money to complete. The data could be used to make new discoveries that completely eliminate human disease, Chan and Zuckerberg said in a statement. The Chan Zuckerberg Initiative, the couple's LLC, told The Register that they plan to have their product running by 2024. "AlphaFold has sparked a wave of innovation by showing people what's possible," Chris Bahl, the chief scientist at AI Proteins, previously told Insider.

Persons: Priscilla Chan, Mark Zuckerberg, it'll, Chan, Zuckerberg, I'm, Anne Carpenter, Carpenter, Chan Zuckerberg, CZI, Forbes, AlphaFold, Chris Bahl, Jeff MacGregor Organizations: Service, Broad Institute of Harvard, MIT, Chan Zuckerberg Initiative, San, Engadget Locations: Wall, Silicon, San Francisco

☆ Arm's biggest customers are also backing a rival chip design — here's what you need to know
▼ + stars: | 2023-09-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

It's called RISC-V, pronounced "risk five" — a rival chip design that is backed by some of Arm's own customers. While analysts told CNBC it's not an immediate threat, Arm itself warned that if it gains traction, it could pose a competitive risk. Arm designs what's known as an instruction set architecture (ISA) for chips known as processors or central processing units (CPUs). RISC-V in recent years has gained support from some of the world's biggest technology companies, many of which are also Arm customers. "Maybe we should have a second source just in case things start not going in our direction, or we have problems with Arm," he added, in reference to the thinking among some Arm customers.

Persons: Dado Ruvic, CNBC it's, Richard Windsor, Peter Richardson Organizations: Reuters, Nasdaq, CNBC, ISA, Apple, Qualcomm, Google, Samsung, Nvidia, Radio Free Mobile, Windsor, Counterpoint Research Locations: British, China

☆ Inside Infillion's 4-year plan to revive fallen adtech pioneer MediaMath back to a $100 million business
▼ + stars: | 2023-09-14 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Adtech platform Infillion closed its $22 million deal to buy fallen adtech firm MediaMath out of bankruptcy on Friday. Now Infillion CEO Rob Emrich must make good on a business plan to get MediaMath back to earning $100 million in net revenue within 4 years. It's aiming to relaunch the MediaMath platform in early 2024. Zawadzki and his adtech focused venture capital firm Aperiam Ventures are providing Infillion with strategic advice on getting MediaMath back off the ground. Emrich previously told Insider that Infillion is preparing to take $30 million in operating losses on MediaMath over the next three years.

Persons: Rob Emrich, Infillion, Emrich, MediaMath, there's, Tom Triscari, Infillion isn't, Emirch, Joe Zawadzki, —, Zawadzki, Joe, Aperiam, Eric Franchi Organizations: Facebook, Sanofi, Mobile, Trade, Google, Leomade, Aperiam Ventures, TrueX, Disney Locations: Staples

☆ ‘Dare we say Nvidia is now cheap' analyst delivers bull case with stock at all-time highs
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email‘Dare we say Nvidia is now cheap' analyst delivers bull case with stock at all-time highsBen Reitzes, Melius Research Head of Technology Research, joins 'Fast Money' to talk the bull case for Nvidia and why he says the stock is still cheap.

Persons: Ben Reitzes Organizations: Nvidia, Technology Research

☆ Singapore's Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year
▼ + stars: | 2023-08-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty ImagesSingapore-based Grab said on Wednesday that its ride-hailing unit is on track to hit pre-Covid levels by the end of this year. Grab, which also offers food delivery and mobile payments, said that its mobility GMV has recovered to 85% of pre-Covid levels. We remain on track to exit 2023 at pre-Covid GMV levels. "We remain on track to exit 2023 at pre-Covid GMV levels," Oey said during Grab's earnings call on Wednesday. Grab's Hungate said driver supply levels are currently at 84% of pre-Covid levels and that the firm will "continue to focus on improving driver supply."

Persons: Alex Hungate, Peter Oey, Oey, GrabShare, Sachin Mittal, Grab's Hungate, Kai Wang, Jonathan Woo, Woo Organizations: Grab Holdings, Bloomberg, Getty, Getty Images, CNBC, DBS Bank, DBS, Trans, Morningstar Asia, Revenue, Phillip Securities Research Locations: Singapore, Getty Images Singapore, Malaysia, Thailand, Grab's U.S

☆ Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say
▼ + stars: | 2023-08-18 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

But analysts said the pivot is a move to defend market share. Defending your market share is the right strategy in e-commerce. CEO Shou Zi Chew said in June that TikTok would invest billions of dollars in Southeast Asia over the next few years to gain market share. Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term. "Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term," said JPMorgan.

Persons: Forrest Li, GoTo, Sachin Mittal, Woo, Li, JPMorgan, Jonathan Woo, Shou Zi Chew, TikTok, Alibaba's Lazada, Sea's Shopee, Lazada's GMV Organizations: Sea Ltd, Bloomberg, Getty, Local, DBS Bank, Phillip Securities Research, JPMorgan, Momentum Works Locations: Singapore, Lazada, Southeast Asia

☆ Beware overhype about AI and make these 7 smart investments instead, according to a tech portfolio manager at a $120 billion firm
▼ + stars: | 2023-08-17 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Technology investor Jonathan Curtis is bullish, though he's worried about AI stocks in late 2023. "But we're in an experimentation phase for AI — we're not in the revenue phase for AI." Although revenue and earnings for many companies connected to AI aren't substantial, the demand for workers with AI know-how certainly is, Curtis said. Still, while he keeps his focus on the long term, he acknowledged that valuations for AI stocks are ambitious, if not a bit crazy. And while the portfolio management director thinks investors should be wary of AI stocks' volatility in the near term, he made clear that AI is absolutely worth investing in for the long term.

Persons: Jonathan Curtis, he's, Curtis, Jonathan Curtis —, there's, We've, — we're, they'll, Curtis spotlighted Organizations: Technology, Federal, Franklin Equity Group

☆ Sea Group's gaming segment has again proven to be a 'cash cow,' DBS Bank says
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSea Group's gaming segment has again proven to be a 'cash cow,' DBS Bank saysSachin Mittal, head of telecom, media and technology research at DBS Bank, said that Garena saw quarterly paying users growing on a sequential basis.

Persons: Sachin Mittal, Garena Organizations: DBS Bank

☆ JMP: The capital markets story is the key piece for bank earnings this quarter
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJMP: The capital markets story is the key piece for bank earnings this quarterDevin Ryan, Director of Financial Technology Research at JMP Securities, discusses earnings from Bank of America, Morgan Stanley, and Charles Schwab.

Persons: Devin Ryan, Morgan Stanley, Charles Schwab Organizations: Financial Technology Research, JMP Securities, Bank of America

☆ A top AI expert says the technology is still in its very early phase: 'We're only at the iPhone 2G, 3G point.'
▼ + stars: | 2023-07-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Emad Mostaque, the CEO of Stability AI, thinks the tech will truly take off next year. Think again: the AI hype cycle is just getting started — at least in the view of one top expert. But that's going to be far, far greater if Mostaque is right: he estimates 50% of all CEOs will make mention of AI by next year. But once that realization of AI at an enterprise level happens, it won't just help companies put the technology to good use. "You just need to have the right models in the right way to enable these outcomes that increase productivity," he said.

Persons: Mostaque, ChatGPT, Emad Mostaque, We're, he's, Michael Briest, Bard Organizations: UBS Locations: America, Silicon Valley

☆ Knight Institute files lawsuit against Texas's TikTok ban
▼ + stars: | 2023-07-13 | by ( Melissa Mahtani | ) edition.cnn.com time to read: +4 min

CNN —Texas’s ban on TikTok at state institutions violates the First Amendment, claims a lawsuit filed Thursday by a group of academics and civil society researchers. The lawsuit specifically challenges Texas’ TikTok ban in relation to public universities, saying it compromises academic freedom and impedes vital research. Texas Governor Greg Abbott ordered all Texas state agencies to ban the use of TikTok in early December. The Knight Institute lawsuit notes that Texas has not imposed a ban on other online platforms that collect similar user data, such as Meta and Google. TikTok told CNN last month that it is funding the suit by users and creators on the platform.

Persons: CNN —, Jameel Jaffer, Greg Abbott, “ It’s, ” Jaffer, ”, Dave Karpf, “, TikTok Organizations: CNN, Columbia University, Coalition for Independent Technology Research, Institute, University of North, Texas, Texans, Chinese Communist Party, Knight, Google, Coalition, Independent Technology Research, George Washington University School of Media, Public Affairs Locations: Texas, China, University of North Texas, ” Texas, TikTok . Montana

WASHINGTON, July 13 (Reuters) - A group on Thursday sued the state of Texas over its ban on public university employees from using Chinese-owned app TikTok on state-owned devices or networks, arguing it is compromising research and teaching. The Knight First Amendment Institute at Columbia University filed suit in U.S. District Court in Austin, Texas on behalf of the Coalition for Independent Technology Research asserting that Texas’s state government TikTok ban "is preventing or seriously impeding faculty from pursuing research that relates to TikTok... It has also made it almost impossible for faculty to use TikTok in their classrooms." Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: David Shepardson Organizations: Columbia University, Coalition for Independent Technology Research, Thomson Locations: Texas, U.S, Austin , Texas

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